681

Quebec Bank, 1908 $5 Development Item, Back Progress Proof

Currency:CAD Category:Coins & Paper Money Start Price:250.00 CAD Estimated At:500.00 - 700.00 CAD
Quebec Bank, 1908 $5 Development Item, Back Progress Proof
SOLD
500.00CAD+ (100.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2019 Oct 04 @ 23:00UTC-4 : AST/EDT

Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out after The Toronto Coin Expo.

Mounted on card. Shows the Hope Gate, introduced on the 1898 $100 back, and finally assigned to the $10 back for the last version of the 1908 issue. In order to prepare the back for this final use, denominational counters needed to be changed, the bank title had to be modified to include the word "The", and "Hope Gate" was to be engraved above the bank name.  No $5 was ever issued by the bank with this back.   The frame around the vignette was not completely engraved at the time this proof was printed.  There are four blind punch cancels.  PCGS gives this piece an UNC 64 grade.